*Nifty 50 spot 24565.35 by the Daily Chart view - Weekly update*
- Resistance Zone 24900 to 25100 of Nifty Index Level
- Support Zone 24450 to 24700 of Nifty Index level still seen sustained
- Bearish Rounding Bottom after ATH level seen repeated at current week closure
- Practical Bottom of *Bearish Rounding Bottom* from ATH 26277.35 came to 21,870.45 for Nifty index
- Practically Nifty 50 Index later took an upside reversal from 21964.60, which is a diff of just 94.15 points
- Practical Bottom of *Repeated Bearish Rounding Bottom* from recent high of 25669.35 on 30th June comes to 24473
- Should we anticipate the same behavior to see history repeat for Nifty to go down until 23276 and then take the reversal
- Resistance Zone 24900 to 25100 of Nifty Index Level
- Support Zone 24450 to 24700 of Nifty Index level still seen sustained
- Bearish Rounding Bottom after ATH level seen repeated at current week closure
- Practical Bottom of *Bearish Rounding Bottom* from ATH 26277.35 came to 21,870.45 for Nifty index
- Practically Nifty 50 Index later took an upside reversal from 21964.60, which is a diff of just 94.15 points
- Practical Bottom of *Repeated Bearish Rounding Bottom* from recent high of 25669.35 on 30th June comes to 24473
- Should we anticipate the same behavior to see history repeat for Nifty to go down until 23276 and then take the reversal
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.